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2025-05-09 04:33:02 pm | Source: LKP Securities Ltd
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities

Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities

 

"Nifty traders appeared to embrace risk-off trades amid India-Pakistan tensions, as the index fell from its recent consolidation zone. The Nifty managed to stay above the 24,000 mark as the index found support around the 21-day exponential moving average (EMA). In the short term, bears may attempt to push the index decisively below 24,000 to gain the upper hand. A clear break below 23,900 could increase bearish bets in the market. On the upside, 24,250 may act as an immediate resistance level, above which sentiment could improve."

 

 

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